The New York, USA-headquartered unicorn company in the field of AI-enhanced data security, compliance, and privacy BigID announced the completion of a $60 million Series E funding round, with a valuation exceeding $1 billion. This round was led by Riverwood Capital, with participation from Silver Lake Waterman and Advent.
Through this new round of funding, BigID aims to accelerate its further growth through strategic acquisitions, and the raised funds will be used to drive BigID's expansion in the fields of AI data security and compliance.
BigID was founded in 2016. The company's platform uses advanced machine learning, data science, and identity intelligence to help enterprises better protect customer and employee data and meet data privacy and protection regulations such as CCPA and GDPR. BigID enables organizations to understand their enterprise data and take action to achieve data-centric security, privacy, compliance, AI innovation, and governance. Customers can deploy BigID to proactively discover, manage, protect, and derive more value from regulated, sensitive, and personal data across their entire data environment.
(Source:PR Newswire）